This is the accessible text file for GAO report number GAO-03-1128R 
entitled 'Federally Chartered Corporation: Review of the Financial 
Statement Audit Report for the National Woman's Relief Corps, Auxiliary 
to the Grand Army of the Republic for Fiscal Years 1998-2002' which was 
released on September 18, 2003.

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September 18, 2003:

The Honorable F. James Sensenbrenner, Jr.

Chairman, Committee on the Judiciary:

House of Representatives:

Subject: Federally Chartered Corporation: Review of the Financial 
Statement Audit:

Reports for the National Woman's Relief Corps, Auxiliary to the Grand 
Army of the Republic for Fiscal Years 1998-2002:

Dear Mr. Chairman:

As requested, we reviewed the audit reports covering the financial 
statements of the National Woman's Relief Corps, Auxiliary to the Grand 
Army of the Republic, a federally chartered corporation, for the fiscal 
years ended August 31, 1998 through August 31, 2002. The corporation's 
purpose is to perpetuate the memory of the Grand Army of the Republic 
and to assist in the preservation and making available for research, 
the documents and records pertaining to the Grand Army of the Republic 
and its members.

Federally chartered corporations are required under 36 U.S.C. 10101 to 
present the corporation's assets and liabilities and reasonable detail 
on the corporation's income and expenses in annual financial 
statements, and 
obtain an annual financial audit by an independent public accountant.

The objective of our review was to determine whether the audit reports 
complied with the financial reporting requirements of the law. In 
carrying out our work, we reviewed the corporation's financial 
statements and the accompanying notes, performed certain analytical 
procedures related to information presented in the financial 
statements, and reviewed the auditors' reports. However, we did not 
review the auditors' working papers, and we are not rendering an audit 
opinion. Our review disclosed no reportable instances of noncompliance 
with the financial reporting requirements of the law.

The audit reports included the auditors' opinions that the financial 
statements of the corporation were presented fairly on a modified cash 
basis of accounting. We are returning the audit reports you sent with 
your letters.

Sincerely yours,

Jeanette M. Franzel:

Director Financial Management and Assurance:

Signed by Jeanette M. Franzel:

w/o Enclosures:

(194342):